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Archive for tag "Thibaud Le Séguillon"

Capital-intensive smart green startups in Europe aiming at building their own hardware factories have a hard time fundraising. Financially motivated VCs require capital efficiency and prefer hardware startups that outsource manufacturing and the necessary CAPEX. Financing new PV factories in Europe is even more difficult due to China’s hegemony. It turns out it can only be done if you develop the next generation of PV technology, continuously improve efficiency and work diligently on building a co-investor syndicate of family offices, corporates and governments. Keep in mind that it was the Chinese government that backed a myriad of Chinese manufacturers to hijack the global PV industry. After a very long fundraising journey, 10-year old Organic Photovoltaics (OPV) pioneer Heliatek finally found the capital to build its second 3G solar factory in Dresden, Germany’s epicentre of photonics and organic semiconductors.

Ecosummit TV: Thibaud Le Séguillon, CEO of Heliatek, presents his Organic PV startup at ECO12. OPV is the third generation of solar technology and Heliatek is the global leader. The Dresden-based startup recently announced another efficiency world record of 10.7%. The efficiency roadmap goes up to 15-20%. But the real advantage of Heliatek is low cost per kwh as well as very green manufacturing processes without toxic materials. Now Heliatek looks for €60M for their Fab 2. Thibaud on Ecosummit TV is just the perfect sales pitch for their new financing round.